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ES
Milei says 'political panic' is rattling markets
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Buenos Aires Times
Argentine President Javier Milei blamed "political panic" for rattling markets Friday in the run-up to crucial midterm elections, sending the peso into a tailspin and hurting the country's sovereign risk.
The Central Bank intervened on Wednesday to prop up the currency for the first time in five months.
The dollar-peso exchange rate is a political hot potato in Argentina, where most people save in greenbacks rather than the long-ailing peso.
The government, which faces debt maturities of around US$8 billion through to January, is going through its worst political moment.
– TIMES/AFP) argentina, economy, president, milei, speech, córdoba,
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'argentina'
'political']